Lithuania is the biggest of the Baltic states and regards itself as the region’s economic powerhouse.
Certainly it has succeeded in attracting significant inflows of foreign direct investment, with investors encouraged by a combination of a stable economy, low inflation, low labour costs and a liberal business environment.
Corporation tax is 15%, one of the lowest rates in the EU. But investors are advised to tread carefully. If you are thinking of opening a company in Lithuania, please contact us and we will help you every step of the way. There are four main kinds of business entity for foreign investors, and they are as follows:
- public limited company (AB)
- private limited company (UAB)
- branch or representative office
Lithuanian banks offer the standard range of facilities, including foreign exchange and international payments. There are no foreign exchange restrictions. You will need a local bank account if you open a company in Lithuania and we will be happy to help you with this.